Bulletin

Talks with U.S. focus on banks, not dollar: Zhou

WASHINGTON (MarketWatch) -- The U.S. and China focused their attention on domestic and international bank reform and not on currency issues or the rebalancing of the economic relationship in their two-days of closed door meetings, Xiaochuan Zhou, the head of China's central bank, said Tuesday. In a press conference, Zhou said China did not urge the U.S. to insure the security of China's investments in the United States. Some U.S. officials did raise the topic of trying to rebalance the bilateral relationship by having China boost domestic demand and having the U.S. consumer save more but Zhou said there was not follow up discussion. Zhou said the U.S. agreed that Chinese should have a greater voice at the World Bank and International Monetary Fund.

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